The official approval by the Government for the resumption of activities at the Mozambique LNG megaproject, led by TotalEnergies, triggered a significant rise in the shares of Australia’s RBR Group Limited, which climbed 57.9% to reach AUD 0.03 on the Sydney Stock Exchange.
The announcement of the government authorization was made in January through a joint communication between Mozambican authorities and TotalEnergies, confirming the formal lifting of the “force majeure” clause that had been declared in 2021 following the deterioration of security conditions in Cabo Delgado province.
The resumption of the project has already mobilized more than 4,000 workers, across both onshore and offshore operations, at the Afungi Peninsula, where the main infrastructure works are underway.
RBR Group, a provider of integrated solutions in training, workforce supply, and camp management, said it is “well positioned to capture immediate opportunities” arising from the reactivation of the project, which is generating a new wave of tenders and contracts across the liquefied natural gas (LNG) supply chain. The group also indicated that, at this stage, it has submitted expressions of interest and bids with an aggregate value exceeding 80 million dollars.
“The milestone now achieved represents a turning point for LNG development in Mozambique. We are witnessing a sharp increase in tender activity and contractor engagement for training, accommodation, and logistics services,” said Ian Macpherson, Chairman of the Board of RBR Group. According to the executive, the company has been structuring its operations and local partnerships specifically to meet the requirements of this new phase of project implementation.
The resumption of operations allows for the full reactivation of first-, second-, and third-tier contractors, fostering the mobilization of human and material resources. This is expected to boost not only the economy of Cabo Delgado province but also the activity of several Mozambican companies providing technical and operational services.
Since 2013, RBR has operated in Mozambique through its local arm, Futuro Group, with an active presence in Maputo, Beira, Nacala, Pemba, and Palma. The company positions itself as a strategic partner for firms facing recruitment, training, and workforce management challenges in complex operating environments.
Source: Diário Económico
